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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Adjustments to reconcile net loss to net cash provided by operating activities:    
Net loss $ (48,605) $ (32,406)
Depreciation 65,517 68,415
Amortization 5,876 4,949
Straight-line rent adjustments (740) (823)
Provision for doubtful accounts 2,050 629
Amortization of deferred compensation 3,227 5,463
Loss on Hedge Ineffectiveness 512 1,238
Gain on sale of non operating real estate (43) (99)
Equity in income of partnerships in excess of distributions (2,212) (853)
Impairment of assets and expensed project costs 35,145 17,659
Change in assets and liabilities:    
Net change in other assets 8,069 14,739
Net change in other liabilities (5,870) 4,855
Net cash provided by operating activities 62,926 83,766
Cash flows from investing activities:    
Investments in consolidated real estate acquisitions (319,986) (20,000)
Additions to construction in progress (14,037) (17,493)
Investments in real estate improvements (16,867) (19,502)
Proceeds from Sale of Real Estate Held-for-investment   23,600
Additions to leasehold improvements (341) (736)
Investments in partnerships (16,194) (3,651)
Capitalized leasing costs (3,228) (2,829)
Increase in cash escrows (185) (211)
Cash distributions from partnerships in excess of equity in income 2,926 1,482
Net cash used in investing activities (367,912) (39,340)
Cash flows from financing activities:    
Borrowings from term loans 120,000 130,000
Net borrowings from (repayments of) revolving facility 270,000 (130,000)
Proceeds from mortgage loans 102,044  
Principal installments on mortgage loans (10,059) (7,849)
Repayments of mortgage loans (139,137)  
Payment of deferred financing costs (2,873) (1,882)
Dividends paid to common shareholders (29,031) (27,466)
Dividends paid to preferred shareholders (7,924) (7,924)
Distributions paid to Operating Partnership unit holders and non controlling interest (2,198) (852)
Value of shares of beneficial interest issued 706 2,691
Value of shares retired under equity incentive plans, net of shares issued (5,655) (4,633)
Net cash provided by (used in) financing activities 295,873 (47,915)
Net change in cash and cash equivalents (9,113) (3,489)
Cash and cash equivalents, beginning of period 40,433 34,230
Cash and cash equivalents, end of period $ 31,320 $ 30,741